Additional information

MRI (Magnetic Resonance Imaging) or Nuclear Magnetic Response Imaging (NMRI) is an advanced and safe imaging technique that provides the visual representation of physiological processes in the body especially soft tissues in the body. It creates exhaustive images of the body parts, particularly soft tissues with the help of radiations and magnetic field. MRI scanners provide the visual representation of soft tissues inside the body. The patient bed enters a strong magnetic field, and the radio waves are applied for a short period. To make special signals, there are certain atoms will appear in the body. The MRI scanner takes the special signals and sends the information regarding the body’s current condition, and the computer will create the image according to the scanner response. MRI can be used in wide range of applications like neurology, oncology, cardiology, and others.

Europe MRI Market Segments Size & Growth:

The Europe MRI market is estimated to reach USD XX Billion by 2024, at a CAGR of XX% from $XX Billion in 2018. The major factors leading the Europe MRI market are growing geriatric population, rising prevalence of chronic conditions, growing applications of MRI-guided radiotherapy for brain tumours, advances in scanning technology and imaging contrast agents. The non-invasive diagnostic imaging is used for the detailed anatomical study of body parts, especially soft tissues. Rising demand for the non-invasive diagnostic imaging plays a crucial role in Europe MRI market growth. The growing applications of MRI-guided radiotherapy for brain tumours and advances in scanning technology are also contributing majorly to the Europe MRI market growth. High cost of MRI systems, expensive treatment, and lo reimbursement rates for MRI procedures are restraining the market growth during the forecast period. Lack of skilled professionals and instruments complexity are challenging the market growth in upcoming years. Emerging hybrid MRI systems and novel applications in developed economies are providing profitable opportunities to the market.

Europe MRI Market Segments Share:

Europe MRI market is segmented based on the architecture, field strength, applications, end-users, and geography. By architecture, the market is segmented into open MRI systems, closed MRI systems. Among these, the closed MRI systems are accounting largest market share in 2017, owing to the technological advancements, and cost-effectiveness. By field strength, the market is classified into low-to-mid-field strength MRI, high-field strength MRI, very high-field strength MRI, ultra-high-field strength MRI, and others. High-field segment is estimated to grow at the fastest growth rate during the forecast period, due to their advantages regarding SNR (Signal to Noise Ratio). By considering the applications segment, the market is categorised into the brain and neurological MRI, cardiology, oncology, vascular MRI, spine and musculoskeletal MRI, and others. Brain and the neurological segment are expected to hold the largest market share followed by the spine and musculoskeletal segment, owing to the increasing ageing population and growing awareness of diagnosis.

By Geography; the European countries such as United Kingdom, Germany, and Sweden has laid an excellent foundation for the MRI market by making healthcare setups, and by improving the awareness level of healthcare and diagnosis. The European countries per capita income are higher which is making the advanced medical techniques more accessible and affordable. Rising ageing population, increasing incidence of chronic disorders is driving the demand for MRI systems in Europe region.

Europe MRI Market Trends:

Canon Medical Systems Corporation has launched Pianissimo Vantage Titan 1.5T’s unique feature to reduce the noise at the source, and MRI no longer needs to be loud and disruptive.

Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major key players in the Europe MRI Market are:

Hitachi Medical Corporation

GE Healthcare

Siemens Healthcare

Bruker Corporation

Philips Healthcare

Canon Medical System Corporation

Along with these companies, there were many other companies considered/ cited in the report while analysing the Europe MRI market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

MRI (Magnetic Resonance Imaging) or Nuclear Magnetic Response Imaging (NMRI) is an advanced and safe imaging technique that provides the visual representation of physiological processes in the body especially soft tissues in the body. It creates exhaustive images of the body parts, particularly soft tissues with the help of radiations and magnetic field. MRI scanners provide the visual representation of soft tissues inside the body. The patient bed enters a strong magnetic field, and the radio waves are applied for a short period. To make special signals, there are certain atoms will appear in the body. The MRI scanner takes the special signals and sends the information regarding the body’s current condition, and the computer will create the image according to the scanner response. MRI can be used in wide range of applications like neurology, oncology, cardiology, and others.

Europe MRI Market Segments Size & Growth:

The Europe MRI market is estimated to reach USD XX Billion by 2024, at a CAGR of XX% from $XX Billion in 2018. The major factors leading the Europe MRI market are growing geriatric population, rising prevalence of chronic conditions, growing applications of MRI-guided radiotherapy for brain tumours, advances in scanning technology and imaging contrast agents. The non-invasive diagnostic imaging is used for the detailed anatomical study of body parts, especially soft tissues. Rising demand for the non-invasive diagnostic imaging plays a crucial role in Europe MRI market growth. The growing applications of MRI-guided radiotherapy for brain tumours and advances in scanning technology are also contributing majorly to the Europe MRI market growth. High cost of MRI systems, expensive treatment, and lo reimbursement rates for MRI procedures are restraining the market growth during the forecast period. Lack of skilled professionals and instruments complexity are challenging the market growth in upcoming years. Emerging hybrid MRI systems and novel applications in developed economies are providing profitable opportunities to the market.

Europe MRI Market Segments Share:

Europe MRI market is segmented based on the architecture, field strength, applications, end-users, and geography. By architecture, the market is segmented into open MRI systems, closed MRI systems. Among these, the closed MRI systems are accounting largest market share in 2017, owing to the technological advancements, and cost-effectiveness. By field strength, the market is classified into low-to-mid-field strength MRI, high-field strength MRI, very high-field strength MRI, ultra-high-field strength MRI, and others. High-field segment is estimated to grow at the fastest growth rate during the forecast period, due to their advantages regarding SNR (Signal to Noise Ratio). By considering the applications segment, the market is categorised into the brain and neurological MRI, cardiology, oncology, vascular MRI, spine and musculoskeletal MRI, and others. Brain and the neurological segment are expected to hold the largest market share followed by the spine and musculoskeletal segment, owing to the increasing ageing population and growing awareness of diagnosis.

By Geography; the European countries such as United Kingdom, Germany, and Sweden has laid an excellent foundation for the MRI market by making healthcare setups, and by improving the awareness level of healthcare and diagnosis. The European countries per capita income are higher which is making the advanced medical techniques more accessible and affordable. Rising ageing population, increasing incidence of chronic disorders is driving the demand for MRI systems in Europe region.

Europe MRI Market Trends:

Canon Medical Systems Corporation has launched Pianissimo Vantage Titan 1.5T’s unique feature to reduce the noise at the source, and MRI no longer needs to be loud and disruptive.

Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major key players in the Europe MRI Market are:

Hitachi Medical Corporation

GE Healthcare

Siemens Healthcare

Bruker Corporation

Philips Healthcare

Canon Medical System Corporation

Along with these companies, there were many other companies considered/ cited in the report while analysing the Europe MRI market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

Envision Inteligence is the Main Supplier of Market Analysis Reviews, Customized Consulting Companies, Information Analytics and Trade Evaluation. Our purpose is to offer the correct data required by the stakeholder on the proper level of time.Read More